ACCOUNTS RECEIVABLE

6 Months Ended

Jul. 02, 2011

Accounts Receivable [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

        Accounts receivable consist of the following:

(In millions)		July 2, 2011		July 3, 2010			December 31, 2010
Trade accounts receivable	$	409.2		408.5		$	374.1
Allowances for doubtful accounts, returns, discounts and co-op advertising		(30.9	)	(27.8	)		(28.5	)
	$	378.3		380.7		$	345.6

        Due to our 25% ownership interest in GRI, GRI is deemed to be a related party. Included in accounts receivable are amounts due from GRI in the amount of $14.6 million, $35.6 million and $25.4 million at July 2, 2011, July 3, 2010 and December 31, 2010, respectively. Net revenues from GRI amounted to $26.5 million and $32.0 million for the fiscal six months ended July 2, 2011 and July 3, 2010, respectively. On July 23, 2009, we converted $10.0 million of the outstanding GRI accounts receivable to a three-year interest-bearing convertible note. GRI has the option, during the 90-day period that begins when the audited financial statements for the GRI fiscal year ending January 31, 2011 become available (or such shorter period that ends on the maturity date of the note), to convert the note into common shares of GRI at a conversion rate based on the greater of eight times the net income of GRI for such fiscal year, or an appraised value determined as of that date.